The report “India Machine to Machine (M2M) Modules Market (2011-2016)” categorized the market by modules (Short Range, Cellular and Satellite) and by applications (Utilities, Security, Automotive, Transport & Logistics, Healthcare and Retail & Financial Services)”. The report provides key market drivers, restraints and opportunities that shape the present and future market growth.
Though, Machine to Machine (M2M) modules market in India is still in nascent stage but it offers high growth opportunities to the market vendors. The Machine to Machine (M2M) modules can be classified as short range, cellular and satellite M2M modules, which are commonly used in wide range of applications such as utilities, security, automotive, transport & logistics, healthcare and retail & financial services. Automotive, transport & logistics application is the prominent application market for M2M modules; however application market such as utilities is the most emerging market.
The increasing demand for remote monitoring & control, government initiatives, new income opportunities for MNOs, launch of 3G networks and reducing human efforts are the factors that have spurred the India M2M modules market. The India M2M modules market is dominated by short range M2M modules but cellular and satellite M2M modules have relatively higher CAGR of 35.32% and 34.44%, respectively from 2011-2016.
According to 6Wresearch, India M2M modules market is expected to generate $98.38 million by 2016, with a CAGR of 33.81% from 2011-2016. Short range M2M modules market leads the market, accounting for 49.48% of the total market revenues. Cellular M2M modules generated $9.15 million in 2011 and are expected to reach $41.54 million by 2016.
In application market, automotive, transport & logistics application accounts for 77.04% of the market share in the overall M2M modules market. However, utilities application is expected to grow with relatively higher CAGR of 35.19% for the same period.